Cooke & Bieler LP Sells 34,654 Shares of Winnebago Industries, Inc. $WGO

Cooke & Bieler LP lowered its holdings in Winnebago Industries, Inc. (NYSE:WGO) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,758,476 shares of the RV manufacturer’s stock after selling 34,654 shares during the quarter. Cooke & Bieler LP owned about 0.06% of Winnebago Industries worth $71,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Clearstead Advisors LLC bought a new stake in Winnebago Industries in the 4th quarter valued at about $35,000. Hantz Financial Services Inc. lifted its holdings in shares of Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after acquiring an additional 435 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Winnebago Industries during the 4th quarter worth approximately $976,000. Legato Capital Management LLC lifted its holdings in shares of Winnebago Industries by 162.3% during the 4th quarter. Legato Capital Management LLC now owns 56,108 shares of the RV manufacturer’s stock worth $2,273,000 after acquiring an additional 34,719 shares during the period. Finally, Pzena Investment Management LLC bought a new stake in shares of Winnebago Industries during the 4th quarter worth approximately $37,642,000.

Winnebago Industries Price Performance

WGO stock opened at $29.91 on Tuesday. The company has a 50 day simple moving average of $31.79 and a 200 day simple moving average of $37.94. The stock has a market cap of $845.50 million, a price-to-earnings ratio of 20.35 and a beta of 1.17. Winnebago Industries, Inc. has a 1 year low of $27.64 and a 1 year high of $50.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. Research analysts anticipate that Winnebago Industries, Inc. will post 2.34 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio is currently 95.24%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup cut their price target on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, March 27th. Truist Financial cut their price target on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Robert W. Baird cut their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Wall Street Zen downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday. Finally, BMO Capital Markets cut their price target on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.30.

Winnebago Industries Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.